The eurozone's manufacturing industry beat expectations in October

The purchasing managers' index (PMI) is constructed based on how
companies think their own output and orders are going, and offers
an insight into the economy weeks or months before official hard
data is published. Today, it's the turn of the manufacturing
sector.

The industrial recovery has been generally lagging behind the
service sector in European and elsewhere.

Anything over 50 indicates that a sector is growing, while
anything below signals contraction. The higher the number, the
better.

Here's what we've got so far

Spain:
51.3 (51.9
expected, 51.7 previous)

Italy:
54.1 (52.9
expected, 52.7 previous)

France:50.6 (50.7
expected, 50.6 previous)

Germany:
52.1 (51.6
expected, 52.3 previous)

Eurozone:
52.3 (52
expected, 52 previous)

The Spanish figure is disappointing, coming in at the lowest
level since the end of 2013, not long after the country exited a
painful recession which left the unemployment rate above 20%
(where it still sits).

It's also a little worrying that with the Spanish economy still
so depressed in terms of output and employment, the economy's
rebound seems to be cooling off a little.